Foxconn's 'Flying Eagle' Project worth Billions in U.S. Investment Could Cover Displays, Semiconductor Packaging and more
Last week Patently Apple posted a report titled "Foxconn is closer to Announcing their new U.S. Plant Location and it just might be Wisconsin." Today we're learning that Foxconn's "Capital Intensive" investment will go far beyond a single display plant as we've been reporting on for months. Foxconn's Terry Gou noted back in April that "We are planning a number of investments in America. This project will include both capital-intensive and skilled labor-intensive and high-tech investment."
Today Bloomberg quotes Foxconn's Chairman stating that "Our investment in the U.S. will focus on these states because they are the heart of the country's manufacturing sector. We are bringing the entire industrial chain back to the traditional manufacturing region of the U.S. That may include display making, semiconductor packaging and cloud-related technologies," without elaborating."
Gou said the plant could be in one of six states without naming all of them. He later said Foxconn's U.S. investments could be in seven states, naming Ohio, Pennsylvania, Michigan, Illinois, Wisconsin, Indiana and Texas. The company could end up creating "tens of thousands" of American jobs, Gou said without specifying a timeframe for the $10 billion in investment.
Gou promised to ramp up investment in the U.S., possibly helping with a rust-belt economic revival. Dubbed "Flying Eagle," Foxconn's plan to build a U.S. facility could create tens of thousands of American jobs during Trump's first year in office. The company is considering a joint investment with Sharp, but details have yet to be hammered out. For more, read the full Bloomberg report here.
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